What question did this study set out to answer?

To evaluate the impact of financial inclusion on economic growth and human capital development across South Asian nations using a newly constructed composite index.

April 13, 2021SustainabilityOpen Access

Financial Inclusion’s Role in Economic Growth and Human Capital in South Asia: An Econometric Approach

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Authors

UTU.S. ThathsaraniWuhan University of Technology JWJianguo WeiNanchang University GSG. R. S. R. C. SamaraweeraSabaragamuwa University of Sri Lanka

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Implication

Panel data analysis reveals that financial inclusion boosts short-run economic growth and long-term human capital in South Asia, highlighting the value of expanded banking access.

Key Points

To evaluate the impact of financial inclusion on economic growth and human capital development across South Asian nations using a newly constructed composite index.
Analyzed secondary panel data from eight South Asian countries spanning 2004 to 2018.
Constructed a composite financial inclusion index utilizing principal component analysis (PCA).
Estimated long- and short-run dynamics using vector error correction models (VECM) and Granger causality tests.
Financial inclusion demonstrated a statistically significant positive long-run impact on human capital development across South Asia.
Financial inclusion and domestic credit provided to the private sector showed positive short-run impacts on economic growth and human capital.

Cite This Study

Thathsarani et al. (2021) studied this question.

synapsesocial.com/papers/6a157bf9d64fa333899fb9a9 https://doi.org/10.3390/su13084303

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Implication

Panel data analysis reveals that financial inclusion boosts short-run economic growth and long-term human capital in South Asia, highlighting the value of expanded banking access.

Financial Inclusion’s Role in Economic Growth and Human Capital in South Asia: An Econometric Approach

Discussion

Member takes

Implication

Key Points

Cite This Study

Financial Inclusion’s Role in Economic Growth and Human Capital in South Asia: An Econometric Approach

Discussion

Member takes

Implication

Key Points

Cite This Study

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